Ocean Park, ME Foreclosures
How much do homes sell for in Ocean Park, ME?
The average home price is currently $682,058.
In Ocean Park, ME, how many homes are available?
There are currently 161 active home listings available in Ocean Park.
What’s the average rental cost in Ocean Park, ME?
The average rental price in Ocean Park is $0.
What is the most expensive home in Ocean Park?
The most expensive home sold in Ocean Park had a price of $1,441,710.
What is currently the cheapest priced home in Ocean Park, ME?
The cheapest home for sale in Ocean Park is priced at $315,076.
Living in Ocean Park, ME
Ocean Park, ME is a coastal gem known for its beautiful beaches and close-knit community. With abundant outdoor activities and local amenities, it's an ideal location for those seeking a relaxed seaside lifestyle. The town offers a mix of seasonal excitement and a tranquil atmosphere, making it popular among families and retirees alike.
Current Market Conditions in Ocean Park, ME
The real estate market in Ocean Park, ME has been particularly competitive over the past year, with a noticeable increase in demand for coastal properties. Many buyers are drawn to the picturesque waterfront homes, leading to significant appreciation in property values. Inventory has been limited, which has contributed to rising prices, especially during the peak summer months.
As of this month, the market remains strong, with several properties receiving multiple offers. There is a distinct trend towards buyers seeking vacation homes in this idyllic beach town, suggesting that the interest in Ocean Park will continue to grow.
Investors are also taking notice of the rental potential in the area, particularly for short-term vacation rentals, given Ocean Park's appeal as a summer destination. Despite these trends, the market's high prices may deter some first-time buyers and encourage them to look at nearby communities.
Home Value Estimator For Ocean Park, ME
There are currently 45 real estate properties
in Ocean Park, ME,
with a median automated valuation model (AVM) price
of $585,712.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ocean Park, ME, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Ocean Park, ME,
is $682,058.00, with the most expensive house
in Ocean Park, ME, topping out
at $1,441,710.00 and the cheapest home
in Ocean Park, ME,
clocking in at $315,076.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ocean Park, ME!
Rent Prices
In Ocean Park, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ocean Park, ME, is on
a rollercoaster ride. The
average rent price in Ocean Park, ME,
is $0.00. Indeed, when looking to rent in
Ocean Park, ME, you can expect to pay as little
as $0.00 or as much
as $0.00,
with the average rent median estimated to
be $0.00. The good news is that finding
an affordable and desirable property to rent in Ocean Park, ME
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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